Lingrid | CHFJPY fake BREAKOUT. Long

The price perfectly fulfilled my last idea. It hit the target. CHFJPY is pulling back to resistance after bouncing off the support level and channel border. I think it will move upward because it made a fake breakout of the previous low, and the main trend is bullish. The market broke the previous structure support level, then quickly returned above it. I expect the price to roll back to support from the resistance and upward move to retest the trendline and resistance. My goal is the resistance level at 170.800

Lingrid | CHFJPY trendline BREAKOUT. Long


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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